Skip to main content

About your Search

Search Results 0 to 10 of about 11 (some duplicates have been removed)
Nov 11, 2012 6:00pm EST
the country when it comes to fiscal cliff. >> jeff: house speaker john boehner held a conference call with his members telling them compromise was needed. obama senior advisor david axelrod called boehner's congress to members encouraging. >> i think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task. >> jeff: if the automatic spending cuts happen, exactly 50% of the board without fall on the pentagon. national security correspondent david martin lays out what that would mean. >> reporter: the dreaded sequestration would double the $500 billion in cuts the pentagon is already planning to make over the next decade. defense secretary panetta has not minced words about what that would mean. >> if a sequestration is allowed to go into effect it will be a disaster for national defense. >> reporter: according to panetta the new american strategy of pivoting away from the wars in iraq and afghanistan toward the pas civic and an emerging chinese superpower would come undone. >> all of thatan go to hell if this congre
Nov 10, 2012 6:00pm PST
speaker boehner continue to stake out their ground in the debate over the looming fiscal cliff. both made radio addresses today. the president said any compromise must include higher taxes for families making more than $250,000 a year. the speaker called instead for closing special interest loopholes. campaign 2012 was the most expensive ever. overall spending topped the $6 billion mark, driven by super pacs. as michelle miller now tells us, many low-profile candidates benefitted from super pac money, cash that in some cases came from a single person. >> my job is to make sure they do represent your best interests. >> reporter: carrie bentiviolio won his election this year as a freshman congressman from michigan. >> i'm never, ever going to raise taxes unless there's a war. >> reporter: this former school teacher and political newcomer might not have gotten this far without a super pac,. liberty for all spent $800,000 to help bentiviolio win his republican primary. >> god bless them because it was wonderful. >> reporter: the backing came from john ramsey, a 22-year-old college senior
Nov 7, 2012 5:30pm PST
boehner are talking about a new spirit of cooperation. but there are battles ahead and we have a team of correspondents covering this fresh start with old players in washington. first, nancy cordes with the president. >> reporter: the president and his family boarded air force one in chicago this afternoon after a visit to campaign headquarters where president obama embraced his campaign manager, jim messina, and elated staffers and volunteers. despite all the talk beforehand of a razor tight race, in the end president obama captured all but two of the states he won in 2008. i just spoke with governor romney and i congratulated him and paul ryan on a hard-fought campaign. (applause) we may have battled fiercely, but it's only because we love this country deeply and we care so strongly about its future. >> reporter: before a cheering crowd of thousands in south chicago, president obama laid out an ambitious second-term agenda: deficit reduction, tax code reform, immigration reform, and energy independence. big goals that have inspired and divided the two parties for decades. >> we are not
Nov 9, 2012 6:30pm EST
." but, scott, there is also some wiggle room here because boehner has put new tax revenues on the table. so i asked the speaker today: what is the difference between rates and revenues? and he explained republicans might raise revenues by cutting tax detections. could you give us an idea, any more examples of where you're going with that? because if tax rates are not on the table, are you talking about going after deductions? >> it's clear that there are a lot of special interest loopholes in the tax code-- both corporate and personal. it's also clear that there are all kinds of deductions, some of which makes sense, others don't. >> reporter: two of the biggest deductions in the tax code are the mortgage interest tax deduction and the health insurance that workers get from their employers tax free. what boehner is suggesting was proposed by mitt romney in the campaign. essentially raising taxes on the rich by limiting what they take off their taxes. the president has dismissed this approach before because these same deductions also help the middle-class. so what we're seeing now is a c
Nov 8, 2012 5:30pm PST
, white house officials told me today they were encouraged by house speaker john boehner's comment yesterday about finding common ground. still, they reiterate today any hal is going to have to involve allowing those bush tax cuts to expire for household incomes 50er $250,000 a year. and that's something republicans adamantly oppose. the nonpartisan congressional fidget office put out a report today that stayed allowing those tax cuts to expire just for top tax earners would constrain economic juowth next year by just one- oenth of 1%. the report also showed what's at stake here if all the tax increases and spending cuts l cociate with the fiscal cliff ,re allowed to kick in, the unemployment rate will shoot up to 9.1% in 2013, from 7.9% now. hat's why vice president biden predicted today the two sides till come up with a solution. >> we're not going over the cliff. we're determined not to go over the cliff. i think better heads will prevail. >> reporter: white house officials insist they have all lhe leverage here because all the bush tax cuts are set to expire if republicans don'
Nov 14, 2012 6:30pm EST
certainty right now. >> reporter: but republican house speaker john boehner has balked at that idea. it would take away most of his party's leverage in fiscal cliff negotiations. >> there are a lot of issues on the table that have to be resolved by the end of the year, and i think i've laid out a reasonable framework where both parties can work together, and i'm looking forward to going down to the white house on friday and beginning that conversation. >> reporter: bainer and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead raising their tax rates. >> we are not going to hurt our economy and make job creation more difl which is exactly what that plan would do. >> reporter: today the president argued closing loopholes alone won't be enough to cut the deficit. he'll have that argument face to face with wayne or friday. one of the most frequent criticisms we've heard over the past few years from members on both sides if you haven't done enough to reach out and build relationships. are there concrete ways you plan to approach your rel
Nov 16, 2012 6:30pm EST
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. the goal would be to set specific targets now for savings from those reforms. that would negate the need for steep spending cuts congress called for last year that are set to kick in on january 1, the same day the bush tax cuts are set to expire. that damaging combo has been come to be known as the fiscal cliff. while democrats often balling at any mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. >> reporter: leader pelosi said there appeared to be interest in a big deal, about four trillion dollars worth of deficit redictions along the lines of the grand bargain that fell apart wean the president and speaker boehner last year, anthony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to accomplish in that t
Search Results 0 to 10 of about 11 (some duplicates have been removed)